Analysis on Behavioral Intention of Financial Auditors in Adopting Big Data Analytics
DOI:
https://doi.org/10.21512/becossjournal.v6i2.11538Keywords:
Big Data Analytics, Financial Auditors, UTAUT Model, Audit QualityAbstract
The rapid development of technology brings significant changes to all business activities, where auditors need to collaborate with IT. A financial auditor's ability to adopt the system is caused by several factors that encourage greater audit competence, where in-depth analysis is needed to identify all these factors, so this research aims to analyse financial auditors in adopting Big Data Analytics in financial report audits with the UTAUT Model. This research uses an explanatory quantitative method by gathering 70 auditors from public accounting firms in the Jakarta area by adopting SEM-PLS which was processed with SmartPls ver3. The results found all variables have a positive effect on behavioural intention. However, the relationship is not moderated by gender and Audit firm size. Thus, it is known that large and small Audit firm size have already adopted big data analytics, where the advances of companies require auditors to be able to practice. Therefore, it is necessary to analyst the potential of auditors to improve audit quality.
Keywords: Big data analytics, Financial auditors, UTAUT model, Audit quality
Plum Analytics
References
Aghimien, D. O., Ikuabe, M., Aigbavboa, C., Oke, A., & Shirinda, W. (2021). Unravelling the factors influencing construction organisations’ intention to adopt big data analytics in South Africa. Construction Economics and Building, 21(3), 262–281. https://doi.org/10.5130/AJCEB.V21I3.7634
Al-Hiyari, A., Al Said, N., & Hattab, E. (2019). Factors that influence the use of computer assisted audit techniques (Caats) by internal auditors in Jordan. Academy of Accounting and Financial Studies Journal, 23(3). https://doi.org/10.13140/RG.2.2.28525.23522
Alles, M. G. (2015). Drivers of the use and facilitators and obstacles of the evolution of big data by the audit profession. Accounting Horizons, 29(2), 439–449. https://doi.org/10.2308/acch-5106
Astolfi, P. (2021). Did the International Financial Reporting Standards Increase the Audit Expectation Gap? An Exploratory Study. Accounting in Europe. https://doi.org/10.1080/17449480.2020.1865549
Autor, D. H. (2015). Why are there still so many jobs? the history and future of workplace automation. Journal of Economic Perspectives. https://doi.org/10.1257/jep.29.3.3
Bhimani, A., & Willcocks, L. (2014). Digitisation, Big Data and the transformation of accounting information. Accounting and Business Research. https://doi.org/10.1080/00014788.2014.910051
Cabrera-Sanchez, J.-P., & Villarejo-Ramos, A. F. (2019). Factors Affecting the Adoption of Big Data. RAE Journal of Business Management, 59(December), 415–429.
Cabrera-Sanchez, J. P., & Villarejo-Ramos, Á. F. (2019). Factors affecting the adoption of big data analytics in companies. RAE Revista de Administracao de Empresas, 59(6), 415–429. https://doi.org/10.1590/S0034-759020190607
Calderon, T. G., & Gao, L. (2021). Cybersecurity risks disclosure and implied audit risks: Evidence from audit fees. International Journal of Auditing. https://doi.org/10.1111/ijau.12209
Canaday, H. (2020). Going digital. Aviation Week and Space Technology, 180(3), MR025– MR026.
Chauhan, S., & Jaiswal, M. (2016). Determinants of acceptance of ERP software training in business schools: Empirical investigation using UTAUT model. International Journal of Management Education, 14(3), 248–262. https://doi.org/10.1016/j.ijme.2016.05.005
Chrisma, Y., & Kiswara, E. (2014). Pengukuran Terhadap Penggunaan Teknologi Informasi Audit Dan Persepsi Kegunaan. Diponegoro Journal Of Accounting, 3, 1–8. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6240
Dagilienė, L., & Klovienė, L. (2019). Motivation to use big data and big data analytics in external auditing. Managerial Auditing Journal, 34(7), 750–782. https://doi.org/10.1108/MAJ-01-2018-1773
Gupta, S., Meissonier, R., Drave, V. A., & Roubaud, D. (2020). Examining the impact of Cloud ERP on sustainable performance: A dynamic capability view. International Journal of Information Management. https://doi.org/10.1016/j.ijinfomgt.2019.10.013
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. In European Business Review. https://doi.org/10.1108/EBR-11-2018- 0203
Handoko, B. L., & Chu, N. C. (2021). UTAUT model in predicting auditor intention in adopting CAATS. ACM International Conference Proceeding Series, 144–153. https://doi.org/10.1145/3481127.3481142
Islam, M., Mamun, A. Al, Afrin, S., Ali Quaosar, G. M. A., & Uddin, M. A. (2022). Technology Adoption and Human Resource Management Practices: The Use of Artificial Intelligence for Recruitment in Bangladesh. South Asian Journal of Human Resources Management, 9(2), 324–349. https://doi.org/10.1177/23220937221122329
Janvrin, D., Bierstaker, J., & Jordan Lowe, D. (2009). An investigation of factors influencing the use of computer-related audit procedures. Journal of Information Systems, 23(1), 97–118. https://doi.org/10.2308/jis.2009.23.1.97
Janvrin, D. J., & Weidenmier Watson, M. (2017). “Big Data”: A new twist to accounting. Journal of Accounting Education, 38, 3–8. https://doi.org/10.1016/J.JACCEDU.2016.12.009
Khin, S., & Ho, T. C. F. (2019). Digital technology, digital capability and organizational performance: A mediating role of digital innovation. International Journal of Innovation Science. https://doi.org/10.1108/IJIS-08-2018-0083
Kokina, J., & Davenport, T. H. (2017). The emergence of artificial intelligence: How automation is changing auditing. Journal of Emerging Technologies in Accounting. https://doi.org/10.2308/jeta-51730
KPMG. (2021). Companies shift emerging tech investments amid COVID-19. https://info.kpmg.us/news-perspectives/technology-innovation/companies-shift-tech-investments-amid-covid-19.html
Kroon, N., Do Céu Alves, M., & Martins, I. (2021). The impacts of emerging technologies on accountants’ role and skills: Connecting to open innovation-a systematic literature review. In Journal of Open Innovation: Technology, Market, and Complexity. https://doi.org/10.3390/joitmc7030163
Kumaraswamy, A., Garud, R., & Ansari, S. (Shaz). (2018). Perspectives on Disruptive Innovations. Journal of Management Studies. https://doi.org/10.1111/joms.12399
Kurniawan, Y., & Mulyawan, A. N. (2023). The Role of External Auditors in Improving Cybersecurity of the Companies through Internal Control in Financial Reporting. Journal of System and Management Sciences. https://doi.org/10.33168/JSMS.2023.0126
Lai, Y., Sun, H., & Ren, J. (2018). Article information : adoption in logistics and supply chain management : an empirical. International Journal of Logistics Management, 29(2), 676–703.
Mohamed, I. S., Muhammad, N. H., & Rozzani, N. (2019). Auditing and data analytics via computer assisted audit techniques (CAATs): Determinants of adoption intention among auditors in Malaysia. ACM International Conference Proceeding Series, 35–40. https://doi.org/10.1145/3361758.3361773
Munoko, I., Brown-Liburd, H. L., & Vasarhelyi, M. (2020). The Ethical Implications of Using Artificial Intelligence in Auditing. Journal of Business Ethics. https://doi.org/10.1007/s10551-019-04407-1
Nensi Veni Indipenrian, B., Subroto, B., & Fuad Rahman, A. (2015). Analysis of behavioral intention on ABC system adoption: Model of information systems technology and success acceptance. Journal of Economics, Business & Accountancy Ventura, 18(3), 403. https://doi.org/10.14414/jebav.v18i3.510
Omotunde, C., Iyanu Omotunde, O., Iyanu, O., Christopher, O., & OluwatobiI, O. (2017). Factors Influencing Administrative Staffs toward the Adoption of Cloud Computing. 1615. https://digitalcommons.unl.edu/libphilprac/1615
Oyewo, B., Ajibola, O., & Ajape, M. (2021). Characteristics of consulting firms associated with the diffusion of big data analytics. Journal of Asian Business and Economic Studies, 28(4), 281–302. https://doi.org/10.1108/jabes-03-2020-0018
Purnomo, G. W. (2019). Jurnal Ilmiah Administrasi Publik ( JIAP ) Pengujian UTAUT Model dalam Pemanfaatan Literasi Informasi Perpustakaan. 5(3), 277–284.
Queiroz, M. M., & Farias Pereira, S. C. (2019). Intention to adopt big data in supply chain management: A Brazilian perspective. RAE Revista de Administracao de Empresas, 59(6), 389–401. https://doi.org/10.1590/S0034-759020190605
Raguseo, E. (2018). Big data technologies: An empirical investigation on their adoption, benefits and risks for companies. International Journal of Information Management, 38(1), 187– 195. https://doi.org/10.1016/j.ijinfomgt.2017.07.008
Rezaee, Z., & Wang, J. (2019). Relevance of big data to forensic accounting practice and education. Managerial Auditing Journal, 34(3), 268–288. https://doi.org/10.1108/MAJ-08-2017-1633
Rosati, P., Gogolin, F., & Lynn, T. (2019). Audit Firm Assessments of Cyber-Security Risk: Evidence from Audit Fees and SEC Comment Letters. International Journal of Accounting. https://doi.org/10.1142/S1094406019500136
Sahid, N. Z., Sani, M. K. J. A., Noordin, S. A., Zaini, M. K., & Baba, J. (2021). Determinants factors of intention to adopt big data analytics in malaysian public agencies. Journal of Industrial Engineering and Management, 14(2), 269–293. https://doi.org/10.3926/jiem.3334
Shahbaz, M., Gao, C., Zhai, L. L., Shahzad, F., & Khan, I. (2021a). Environmental air pollution management system: Predicting user adoption behavior of big data analytics. Technology in Society, 64(October 2020), 101473. https://doi.org/10.1016/j.techsoc.2020.101473
Shahbaz, M., Gao, C., Zhai, L., Shahzad, F., & Khan, I. (2021b). Technology in Society Environmental air pollution management system : Predicting user adoption behavior of big data analytics. Technology in Society, 64(October 2020), 101473. https://doi.org/10.1016/j.techsoc.2020.101473
Sugiyono. (2010). Metode Penelitian Pendidikan Pendekatan Kuantitatif, kualitatif, dan R&D. Alfabeta.
Tavares, M. C., Zimba, L. N., & Azevedo, G. (2022). The Implications of Industry 4.0 for the Auditing Profession. International Journal of Business Innovation, 1(1), 27625.
Vasarhelyi, M. A., Kogan, A., & Tuttle, B. M. (2015). Big data in accounting: An overview. Accounting Horizons, 29(2), 381–396. https://doi.org/10.2308/ACCH-51071
Venkatesh, V., Morris, M. G., Davis, G. B., & Davis, F. D. (2003a). User Acceptance of Information Technology : Toward a Unified View User Acceptance of Information Technology : Toward a Unified View Published by : Management Information Systems Research Center , University of Minnesota Stable URL : https://www.jstor.org/. September 2003. https://doi.org/10.2307/30036540
Venkatesh, V., Morris, M. G., Davis, G. B., & Davis, F. D. (2003b). User acceptance of information technology: Toward a unified view. MIS Quarterly: Management Information Systems, 27(3), 425–478. https://doi.org/10.2307/30036540
Wang, Q., Jalil, H. A., Marof, A. M., Wang, Q., Jalil, H. A., & Marof, A. M. (2022). Factors Affecting the Acceptance of Big Data Technology in Teaching among Higher Education Educators : An Empirical Investigation Using the UTAUT Model Factors Affecting the Acceptance of Big Data Technology in Teaching among Higher Education Educators : . 12(12), 1049–1066. https://doi.org/10.6007/IJARBSS/v12-i12/15356
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Business Economic, Communication, and Social Sciences Journal (BECOSS)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
a. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License - Share Alike that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
b. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
c. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
USER RIGHTS
All articles published Open Access will be immediately and permanently free for everyone to read and download. We are continuously working with our author communities to select the best choice of license options, currently being defined for this journal as follows: Creative Commons Attribution-Share Alike (CC BY-SA)